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Compre, the international legacy group headquartered in Bermuda, has announced it has received regulatory approval to acquire the French medical malpractice portfolio from a European-based insurer for an undisclosed sum. The company said the deal, st...

BMS Group, the independent specialist re/insurance broker with an operation in Bermuda, has appointed Germán Torres-Ortíz managing director and head of Caribbean facultative business for BMS Re Latin America and Caribbean. The appointment is effectiv...

Thirty years after one of the costliest and most consequential natural disasters in American history, the (re)insurance industry is warning legislators and regulators that urgent action is needed to protect against man-made catastrophes. The Associat...

Legal & General Reinsurance has provided internship opportunities for two Bermudian students this summer, including a placing in the group’s London headquarters. Trae Smith, 22, started at L&G Re in Hamilton on June 7, while Victoria Lindsay spent ei...

Despite elevated catastrophe activity, AM Best’s composite of US and Bermudian reinsurers posted an improved underwriting margin in 2021, with a minimal number of COVID-19-related claims and larger contribution from investment results. The new Best’s...

A former forecaster with the Bermuda Weather Service has been appointed head of catastrophe research at global specialty (re)insurer Canopius Group. Canopius said Geoffrey Saville will enhance the group’s science-led understanding and approach to cli...

BF&M Limited has reported a shareholders’ net loss of $12.3 million for the six months ended June 30, compared with the shareholders’ net income for the same period in 2021 of $14.8 million. Net income from operations, after excluding the negative f...

Dedicated reinsurance capacity is expected to drop for 2022 after a changing environment that has reversed the factors that had made it grow, a new report from AM Best has warned. Last year, capacity increased to $568 billion, driven by an increase o...

White Mountains Insurance Group Ltd has commenced a "modified Dutch auction" self-tender offer to purchase up to $500 million in value of its common shares, at a purchase price between $1,250 and $1,400 per share, in cash, less any applicable withhol...

Three new Deloitte Bermuda partners have been appointed: Andy DeGregorio, tax and legal; Eric Wehrwein, audit and advisory; and, Ed Willmott, financial advisory. Mr DeGregorio joined the tax practice at Deloitte Bermuda after working in the US. He s...